Classic rental or Airbnb seasonal rental: what are the advantages? What to choose?

location saisonnière

Do you own a second home and don’t yet know what type of rental to choose? The choice depends on your objectives, your constraints and the time you want to devote to the project. Airbnb vacation rentals have their advantages and disadvantages, as well as specific regulations, which we’ll describe in this article.

Long-term leasing: advantages and disadvantages

Long-term rental is the “classic” type of rental. It involves finding a tenant to occupy your property over the long term, from several months to several years. The tenant will make your property his or her primary residence.

Among the advantages of this type of rental is the fact that your income will be stable and regular.

However, yields are much lower than for short-term rentals. What’s more, rent controls put a ceiling on the amount of rent in tense zones. Tense zones include towns where demand outstrips supply.

In addition, the risk of unpaid rent from an existing tenant is also very real. Even if you select your future tenants on the basis of a dossier, you’re not immune to unpleasant surprises.

Finally, you won’t be able to occupy the property if you or a loved one needs it.

Advantages and disadvantages of Airbnb vacation rentals

Airbnb vacation rentals, on the other hand, offer the exact opposite of the advantages and disadvantages we’ve just mentioned.

Initially, Airbnb revenues are higher. On average, Airbnb profitability is double that of long-term rentals. Seasonal rentals are therefore much more profitable, especially in large cities.

Let’s take the example of a renovated 3-bedroom apartment in downtown Montreal. In conventional rental, the property is valued at $2500/month. So, over 12 months, it would have brought in $30,000. The same property, rented at an average of $225/night with an occupancy rate of 70%, would have brought in $57,487 in 1 year.

And there’s no risk of non-payment. Tenants must pay for their stay before the start of the rental period. Thanks to this security, there’s no need to take out unpaid rent insurance.

What’s more, you decide when you want to rent out your property. So you can use it whenever you like, for yourself or your loved ones.

On the other hand, short-term rentals can be very time-consuming. There are rental management solutions, such as Conciergite, that can take care of all these tasks for you.

Finally, seasonal rental regulations have changed considerably in recent years.

Conciergite helps you with your Airbnb rentals

Conciergite is an Airbnb concierge service that increases your income while freeing you from all the constraints associated with seasonal rentals.

  • Housing optimization: We offer you a unique solution combining seasonal and medium-term rentals (mobility leases).
  • Maximizing returns: The price of your home is updated automatically thanks to our in-depth algorithm and under the supervision of our experts.
  • Increased rental income: On average, our guests see a 30% increase in their rental income.
  • Flexibilité: En passant par Conciergite, vous aurez l’entière liberté de réserver votre propre bien quand vous le souhaitez.
  • Time-saving: Reservation management, reception, housekeeping, maintenance… Conciergite takes care of everything.

Thanks to our team of experts, we tailor our strategy to your property and your objectives. What’s more, we guarantee the best possible experience for both guests and travelers.

 
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